Soy neutral

Will the trend of soy change?

24 january 2022 131
Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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The price for soy returned to the level of July of last year.


Although, the Harami pattern appeared at the top of the uptrend informing about possible change of the trend.


As “Harami” is not a strong reversal pattern, it is better to wait until its confirmation and price consolidation below 1 425.

 

In case of consolidation, we can wait for the decline of the price for soya to 1 375 and 1 350. Otherwise, we will wait for growth to 1500. 

Konstantin_Kochkin
Konstantin_Kochkin

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
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